💰The Funding Letter #748: September 27

Gorillas, Hungry, Cake, and more…

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Happy Monday! This edition of The Funding Letter comes to you from our headquarters in New York City.

💥OOO last week?💥 We compile all of the previous week’s funding announcements into one Weekly Recap Google Sheet. Click here to learn who raised funding last week.


Hit the Gong 🎉

Source: @overheard_sales

Daily Deals 💸


🌎 Americas


Elligo Health Research uses electronic health records to find and identify patients for studies, provides physicians with the personnel, procedures, technology, and infrastructure, enabling physicians to conduct cost-effective trials and gain access to new treatment options. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $135M, Series E

Round Investors: Morgan Stanley Expansion Capital (lead), Ally Bridge Group (lead), Norwest Venture Partners, Hatteras Venture Partners

Press: FinSMEs, VC News Daily

HQ: Austin, TX

Industry: Pharmaceuticals

Employee Count: 212 (⚡18% increase in last 6 months)


Hungry is a sharing economy-based platform and a network of top chefs that aims to create and provide an amazing catering experience. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $21M, Series C

Round Investors: Sands Capital, Terry Crews, GP Ventures, The Heritage Fund

Press: PR Web, FinSMEs

HQ: Arlington, VA

Industry: Food & Beverages

Employee Count: 142 (⚡30% increase in last 6 months)


Emerge has developed a web-based transportation management system that handles freight quotes, tracking, and reporting, enabling companies to curb disorganization and get real-time visibility when they move products across the country. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $130M, Series B 

Round Investors: 9Yards Capital (lead), Tiger Global Management (lead), The Spruce House Partnership (lead), Greycroft

Press: Business Wire, FreightWaves

HQ: Scottsdale, AZ

Industry: Computer Software

Employee Count: 210 (⚡28% increase in last 6 months)


NTWRK provides marketing services that emphasize sales, fashion trends, social media, marketing, and merchandising as well as delivery of customer service, enabling customers to receive updates and information on the newest trends in fashion. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $50M, Series B

Round Investors: Kering (lead), Goldman Sachs Asset Management (lead), LionTree, Tenere Capital

Press: TechCrunch, FinSMEs

HQ: Los Angeles, CA

Industry: Retail

Employee Count: 127 (⚡27% increase in last 6 months)


Intelinair is an automated crop intelligence company that leverages AI and Machine Learning to model crop performance and identify problems, enabling commercial growers to make improved decisions. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $20M, Series B

Round Investors: Regulator Group LLC (lead), Scientia Ventures (lead), Takiff LLC (lead), SDMC Ag Inc (lead) 

Press: FinSMEs, PR Newswire

HQ: Champaign, IL

Industry: Computer Software

Employee Count: 69 (⚡25% increase in last 6 months)


Grow Therapy focuses on creating game-changing technology to build America’s biggest behavioral healthcare group and ensure that anyone can afford quality mental healthcare. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $15M, Series A 

Round Investors: SignalFire (lead)

Press: TechCrunch

HQ: New York, NY

Industry: Mental Health Care

Employee Count: 31 (⚡63% increase in last 6 months)


Owl’s Brew provides beverages that are brewed from whole tea leaves, fruits, spices, and herbs, with no added or artificial flavors, allowing consumers to enjoy boozier tea products that spell out the ingredients inside each can. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $9M, Series A

Round Investors: Formidable Asset Management (lead), Cambridge SPG, Connecticut Innovations, Tidal River

Press: FinSMEs, Forbes

HQ: New York, NY

Industry: Food & Beverages

Employee Count: 34 (⚡17% increase in last 6 months)


Vodori has designed a cloud-based software that helps companies move beyond digital promotional review to provide actionable insights, inspiring more effective collateral and smarter marketing decisions all while reducing cost and risk. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $7.5M, Series A

Round Investors: Baird Capital (lead)

Press: FinSMEs, PR Newswire

HQ: Chicago, IL

Industry: Computer Software

Employee Count: 45

🔥Open Sales Gigs: Currently Hiring


Pronto is an ecosystem management platform that empowers partner teams with a shared system of engagement to capitalize on the ecosystem's full potential and ROI in order to help businesses automate their ecosystem operations. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $4M, Seed

Round Investors: Work-Bench (lead), Vertex Ventures US, Firebolt Ventures, Tau Ventures

Press: PR Newswire, FinSMEs

HQ: Sunnyvale, CA

Industry: Computer Software

Employee Count: 26

🔥Open Sales Gigs: Currently Hiring


🌍 EMEA


Gorillas is a grocery delivery platform offering delivery services for a wide range of products within a very short period of time, bringing everything from groceries to home care to the customers' doorsteps. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $950M, Series C

Round Investors: Delivery Hero (lead)

Press: Silicon Canals

HQ: Berlin, Germany

Industry: Internet

Employee Count: 2407 (⚡189% increase in last 6 months)


Cake manufactures electric bikes using components made from scratch to optimize the riding performance in the zero-emission category, enabling riders to avail lightweight, noise-free, emission, and fume-free vehicles. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $60M, Series B 

Press: TechCrunch, Tech.eu

HQ: Stockholm, Sweden

Industry: Automotive

Employee Count: 84 (⚡42% increase in last 6 months)


Isotropic Systems has created the world's first multi-beam satellite terminal, developing the world’s most spectrally efficient, low-profile antennas that are conformal, multi-band, and electronically steerable. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $37M, Series B

Round Investors: Seraphim Space Investment Trust PLC (lead), AEI HorizonX, Promus Ventures

Press: PR Newswire, FinSMEs

HQ: London, England

Industry: Telecommunications

Employee Count: 76 (⚡21% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring


Sternum’s cyber-security platform provides real-time on-device security and visibility for IoT devices, using robust technology and seamless integration to help clients get access to an IoT endpoint security solution that prevents attacks in real-time. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $27M, Series B

Round Investors: Spark Capital (lead), Square Peg Capital, the Hinrich Foundation, btov

Press: TechCrunch, VentureBeat

HQ: Tel Aviv, Israel

Industry: Computer Software

Employee Count: 21

🔥Open Sales Gigs: Currently Hiring


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